U.S.
Executives On The Move at The Hartford, Beazley and BHSI
An AXA XL veteran is joining The Hartford as Chief Underwriting Officer within its Global Specialty business unit. Beazley hired a new Chief Operating Officer. A veteran Chubb executive signed on ...
Lula Raises $18M, Allowing Big Expansion of Its API Tech for Insurance Infrastructure
API InsurTech startup Lula plans to aggressively hire and expand its product capacity now that it has raised $18 million in new venture capital. The company started out as a car sharing app for ...
Federal Judge Halts Enforcement of Part of Florida’s New Property Insurance Reform Law
A federal judge has halted enforcement of a section of Florida's new property insurance reform (SB 76) law that restricts the advertisements and solicitations of roofing contractors. U.S. District ...
Daily Mail in Discussions to Sell Catastrophe Modeling Firm RMS
Daily Mail and General Trust Plc (DMGT) said it is in discussions to sell its catastrophe modeling insurance unit, RMS, following a number of third party inquiries. DMGT said discussions are ongoing ...
Europe, U.S. and Canada Slammed by Record Weather Catastrophes in June: Aon
June 2021 left Europe with its costliest severe storm period on record. Meanwhile, over in the U.S. in Canada, record-setting heatwaves caused significant damage, according to Aon's latest natural ...
Allianz Investment Arm Plans to Slash Investment in Some Coal Businesses
Allianz Global Investors plans to curtail investments in certain coal businesses by the end of the year. The 598 billion-euro ($707 billion) investment manager said in a statement Thursday that ...
EU OKs $30B Aon/Willis Towers Watson Merger; U.S. Roadblocks Remain
The European Commission has approved the acquisition of Willis Towers Watson by Aon, lifting a major roadblock to the proposed $30 billion merger. But there are more roadblocks to overcome. The ...
Canada Halts Trains for 48 Hours in Parts of B.C. After Wildfire Surge
Canada on Friday ordered trains to cease operations for 48 hours in areas of British Columbia hit by a recent spate of wildfires, including one that wiped out an entire town and killed two people, ...